We’re delighted you want to participate in our token sale. If this is your first time joining an Ethereum ICO (initial coin offering) or token sale, you may have questions on how to get started. This explainer article takes you step-by-step through the process.
STEP 1: Create a Vivid Account to Participate in the Token Sale.
To get started, visit the Vivid Token Sale Contribution page at http://vividtoken.com/signup and sign up for an account. The pre-sale event starts on Friday, March 9th 9:00am EST.
Once you have registered and logged in, you will be asked to enter your ERC20 compatible wallet address and click on “Submit.” To proceed, you will be required to agree to the Terms & Conditions and confirm that you are not a resident of the US.
STEP 2: Contribute Ether (ETH) Using a Digital Wallet.
Next, you will be presented with our contract address for sending Ether to acquire VIVID tokens.
If you already own an ERC20 non-exchange wallet containing sufficient ETH, you may access your wallet to send Ether to this contract address.
If you do not already have an Ethereum wallet, you may secure one for free. THE FOLLOWING WALLETS ARE KNOWN TO BE COMPATIBLE WITH ETHEREUM TOKENS (ERC20 STANDARD):
MetaMask (Chrome and Firefox browser add on) Recommended
MyEtherWallet (no download needed)
imToken (iPhone & Android)
Trust (iPhone & Android)
Cipher (iPhone & Android)
To add ETH to your wallet, you will send Ether from a cryptocurrency exchange, such as Coinbase, to the wallet address. Coinbase and other exchanges like Bittrex, Poloniex and Kraken, is where you may go to acquire Ethereum in the first place if you do not already own any.
DO NOT SEND ETHEREUM DIRECTLY FROM ANY CRYPTOCURRENCY EXCHANGES LIKE COINBASE, POLONIEX, KRAKEN, BITSTAMP, BITFINEX, BITREXX, BITREXX OR CEX.IO OR FROM WALLETS SUCH AS JAXX OR EXODUS. FIRST MOVE YOUR ETH TO A COMPATIBLE WALLET IN THE ABOVE LIST.
Once you have deposited funds into your digital wallet, you may then send Ether to our contract address.
STEP 3: Finalize Your Contribution to the Token Sale.
Simply specify the amount of ETH you wish to contribute and submit to confirm the transactions.
Once you’ve done so, congratulations, you’d have successfully joined the Vivid token generation event!
You will receive a notification with step-by-step instructions once it is time to claim your VIVID tokens. The distribution will take place approximately one week after the token sale has concluded.
In the meantime, you may confirm you have properly contributed by looking up your Ethereum transaction ID at Etherscan.
- The contract address should only be obtained from the official Vivid website at http://vividtoken.com. We highly recommend you copy and paste the address or scan the QR code. Then double and triple check you have the correct contract address.
- You may not contribute to a token sale or ICO by sending Ether directly from Coinbase or any other cryptocurrency exchange. Crypto exchanges do not provide you with a private key, which is required for us to track your transaction when it comes time to claiming your VIVID tokens.
- Only Ethereum will be accepted for this token sale. Please do not attempt to send any other tokens or coins, such as Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP) and Monero (XMR), nor any fiat currency.
- Ethereum transfer transactions require some amount of fuel known as “gas” to execute the operation or run the particular smart contract code. Gas is the unit that gets paid to a miner for performing the action (or work). Token sale deposit transactions need to have a non-default gas limit because of its complexity. The default gas limit is usually too low to correctly perform a token sale deposit. We advise a gas limit of 99,000 (10 GWEI) or higher. If your transaction fails and you need to retry, the amount of gas spent is non-refundable. Visit https://ethgasstation.info/for current gas price and limits.
It is very important you heed our warnings above. Otherwise, anything you send may result in a loss.